Hey Liberals and Conservatives: look at the economic reality.
The federal government and the provinces are ALL running deficits.
Total gross government debt is now 111% of GDP. That’s not a trophy. It’s a burden on taxpayers and future generations.
Worse: 36% of the federal debt is owned by non-residents, compared to 25% in 1994. We are vulnerable.
Interest payments on the federal debt now eat up 10.6% of all federal revenues. That’s $58.7 billion. Every dollar Canadians pay in GST goes straight to paying interest on the debt.
The Uniparty’s answer? More spending. More debt. More inflation. More taxes.
There is only one real solution: cut $65 billion in spending in one year, balance the budget, and stop mortgaging our future.
It’s not complicated. It’s common sense.